drawing account

Related to drawing account: capital account

drawing account

n
(Banking & Finance) US an account out of which an employee, partner, or salesman may make withdrawals to meet expenses or as advances against expected income

draw′ing account`


n.
1. an account used esp. by a business partner for cash withdrawals.
2. an account that is charged with advances of money against future earnings, esp. sales commissions.
[1825–35]
Mentioned in ?
References in classic literature ?
"You can put them to drawing account. If you want me again this evening, I shall dine at the Cafe Royal at eight o'clock, and shall return here at five minutes to nine."
These issues included the appointment of a permanent VC, grant of a no-objection certificate (NOC) from the Higher Education Commission in January 2019, opening of a special drawing account in February 2019 at the local accounts office and advertisement for new faculity recruitment.
Initially, the Punjab treasury has directed the Punjab Land Record Authority (PLRA), a subsidiary of the Board of Revenue (BoR), to operate its special drawing account (SDA) on a joint control basis.
Among documents relating to his affairs it includes ledgers showing his stock account and drawing account.
These findings suggest that increases in the size of the BA's drawing account balances did indeed have a positive effect on commercial activity.
The chart of accounts differs only for the equity accounts where we find a drawing account and a capital account for each partner.
Bush has a drawing account with the major institutions of late capitalism in the West.
For the last three years, no Special Drawing Account had been set up at the Accountant General Office because of which no allocated budget could be transferred to the university.
For the third installment, amount of Rs3.5 billion has been released to the District Education Authority's (DEAs) Chief Executive Officers (CEOs) Special Drawing Accounts (SDAs).
Islamic drawing accounts based on the principle of Wakala will help the banks and customers in a big way.
LAHORE -- The Punjab government released Rs3.5 billion in the non-salary budget (NSB) for schools and placed the amount for each district in the Special Drawing Accounts (SDAs) of the District Education Authority's Chief Executive Officers (CEOs) accounts.
The report stated that the department failed to produce records of two special drawing accounts (SDA) for audit.